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Government helps to ease burden of rising fuel costs
Tue, 01 Jul 2008 09:17
TradeInvestSA staff


The government has decided against the full proposed rise in fuel prices, in order to lessen the impact of increasing energy prices on consumers.

Energy and Minerals minister Buyelwa Sonjica said the government had decided against a 5.4 cent per litre increase on the wholesale price of fuel on Wednesday, meaning the price of fuel will go up 74 cents per litre rather than 81 cents as previously reported.

Sonjica added that she was aware the impact that high energy prices, coupled with rising food prices, were having on consumers and said she would consult with industry to try and find some solutions.

While she noted geopolitical concerns, such as the current conflict in Iraq, Sonjica said she was concerned at the secrecy involving how the oil price went up, adding that the process was not transparent and felt as though it were somehow being manipulated.

 

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